It is a resource transfer payment channel that encourages private resource transfers. Resources can be transferred between banks with the help of banks. Transferring allowances is always feasible, regardless of which branch you hold an account with. The person has access to internet banking, mobile banking, and custom banking as several ways to transfer allowances.
Question : What is the full form of NEFT?
Option 1: National Electronic Funds Transfer
Option 2: National Electronic Financial Transaction
Option 3: National Electronic Fund Transfer
Option 4: National Electronic Finance Transaction
Option 4: None of the above
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